Sanford C. Bernstein downgraded shares of Telstra (OTCMKTS:TLSYY) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, The Fly reports.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Telstra from a hold rating to a sell rating in a report on Tuesday, August 20th. UBS Group cut Telstra from a buy rating to a neutral rating in a report on Monday, July 1st.
Shares of TLSYY stock opened at $12.47 on Wednesday. The business’s 50 day simple moving average is $13.26 and its 200 day simple moving average is $12.34. Telstra has a one year low of $9.52 and a one year high of $13.67. The stock has a market capitalization of $29.71 billion, a PE ratio of 10.75, a PEG ratio of 4.82 and a beta of 0.75.
Telstra Corporation Limited, together with its subsidiaries, provides telecommunications and information services to businesses, governments, communities, and individuals in Australia and internationally. It operates in four segments: Telstra Consumer and Small Business, Telstra Enterprise, Telstra Operations, and Telstra Wholesale.
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